A worker being fired for actions ranging from filing a workers' compensation claim to reporting safety violations to government agencies is called:
A. retaliatory discharge.
B. just cause.
C. red-hot-stove discipline.
D. unfair dismissal.
Answer: A
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Squidly Products sold and delivered modems to Detail Solutions for $6,600 to be paid by Detail Solutions in three equal installments over the next three months. The journal entry made by Squidly to record this transaction will include:
a. A credit to Cash for $6,600. b. A debit to Accounts Receivable for $6,600. c. A debit to Accounts Receivable for $2,200. d. A debit to Sales Revenue for $6,600.
Mason's is a supplier of specialty chemicals to a number of companies. The company previously supplied just three big clients, but the CEO is considering targeting the small business market
Selling to small businesses presents a huge opportunity, he says, but some board members disagree, saying it also presents huge challenges. Explain the challenges the firm might face in targeting small businesses.
Purple Airlines has ordered 30 small jets from its supplier. The supplier has estimated the first aircraft will require 350 days of direct labor to manufacture and assemble. Based on past experience, the supplier estimates the learning curve to be 75%. Estimate the number of days of direct labor for the 15th jet aircraft.
a. 113.75 days b. 115.32 days c. 120.43 days d. 116.87 days
You are thinking of buying a craft emporium. It is expected to generate cash flows of $30,000 per
year in years 1 through 5, and $40,000 per year in years 6 through 10. If the appropriate discount rate is 8%, what amount are you willing to pay for the emporium? A) $215,048 B) $167,943 C) $228,476 D) $135,288